In the cotton outlook, USDA edges area up by 151,000 acres to 14.25 million, a little less than how some rounded to 14.3 million yesterday. The much more important change is harvested area up 2.40 mln to 12.93 mln. So even with little change in yield, 835 vs 838, crop size soars.

China is proposing that it could buy an additional $30 billion a year of U.S. agricultural products including soybeans, corn and wheat as part of a possible trade deal being negotiated by the two countries. agprofessional.com/article/china-…

USDA's 2019/20 corn supply/demand forecast. Yesterday we learned USDA forecasts 92.0 million acres. Yield 176.0 is less than trade views at 177 plus. Corn exports 2.475 billion show more growth in world demand, even with US losing share. Stocks tighten to 1.65 bln and price $3.65

Our Doane views lean higher on acres at 86.1 million, yield 50 bu, meaning more supply than USDA, On the demand side, most importantly hinges on resolution of trade war and much stronger export demand at 2.15 bln. Ending stocks would remain very high at 760 mln.

“When you know your purpose and everyone is aligned, that’s the single biggest determinant of whether you’ll be successful—regardless of the environment.” @CareyLohrenz, the Navy’s first female F-14 Tomcat fighter pilot ow.ly/vwrS30nLQb8

This afternoon on #AgriTalk, @ChipFlory gets the news from @DavisMichaelsen, visits with @CortevaUS head of sustainability Kenny Johnson, talks markets with Bill Biederman and wraps up with a conversation with CASE. Live at 2:06CT!

Trade relations w/China remain in focus, with more talks scheduled for the week ahead. Trump & Xi have both signaled they want a deal. And with spring nearing, attention will soon shift to acreage for 2019. We've got all this (and more) covered here:
profarmer.com/markets/news/p…